Mumbai: Parle Agro makes its entry into the dairy segment with a high quality and premium range of flavoured milk products – SMOODH. With this offering, Parle Agro is gunning to grow the branded flavoured milk market in India from the current INR 800 crores to INR 5000 crores in the next four years.
SMOODH is a silky, wholesome and delicious flavoured milk beverage available in two universally popular consumer choices, Chocolate Milk and Toffee Caramel. Created combining the finest quality ingredients and the goodness of milk, this drink is sure to become a new favorite of consumers across all age groups.
Commenting on the launch of SMOODH, Nadia Chauhan, Joint Managing Director and CMO, Parle Agro said, “Years of dedicated R&D have gone into developing this incredible product. And like all Parle Agro products, I am extremely happy and delighted to finally launch it in the market for our consumers to experience. As one of India’s leading Beverage Companies that has always been led by innovations, it has been a conscious effort to bring Indian consumers high quality and rich in taste products at the best value. SMOODH is in sync with this very vision.”
Elaborating further on the impact that the innovative SMOODH will bring to the beverage industry, Ms. Chauhan added, “SMOODH is a product that can be described as a technological marvel from all aspects – product, quality, price and pack-size. With the immense consumption opportunities that it presents, we are looking to create a substantial dent not just in the beverage category, but in the Rs. 10 Chocolate category as well which is currently an INR 4,300 crore industry.”
Since its soft launch, SMOODH has been seeing almost equal offtake in rural and urban markets, a phenomenon that has never been experienced by existing branded flavoured milk brands in aseptic cartons as they don’t exist in rural markets. With this breakthrough combination in price and pack size, Parle Agro has brilliantly activated almost 80-90% of the rural market for flavoured milk which has never been activated to date, until the launch of SMOODH.
Speaking about the launch of SMOODH by Parle Agro, Adolfo Orive, President & CEO, Tetra Pak commented, “Tetra Pak’s partnership with Parle Agro has been a partnership of many ‘firsts’, from the first Frooti package that made Tetra Pak a household name in India three decades ago, to being the partners of choice for this pivotal entry into the dairy segment. We’re inspired by the vision they have for the dairy market in India, and with our integrated packaging, processing and services solutions, we are committed to supporting them in taking the category to new heights. In addition, SMOODH is being launched in the TBA 90 Ultra package, which is not just a first in India, but a global first for Tetra Pak. We are truly honored to be part of the Parle Agro story for over three decades and look forward to supporting this new phase of growth.”
Chauhan added, “The dairy market is really dynamic. We envision a very high and untapped potential to further optimize products in this market. As a leading brand whose strength lies in establishing new categories, building brands and capturing market share, we are very passionate about setting and reaching ambitious goals. We will continue to innovate with our product line with the vision of making Parle Agro the #1 Beverage Company in India while creating a historic transformation in the dairy industry with never-before products.”
Plans are underway for a state-wise launch of SMOODH with a distribution target of 2.2 million outlets across India. A strategic 360-degree marketing plan will be implemented post nationwide availability of the product.